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LONDON - Xtrackers ETC plc has issued a new tranche of its physical gold-backed securities, according to a statement released Monday. The company announced Tranche 543 of its Series 2 Xtrackers IE Physical Gold ETC Securities, consisting of 53,000 new securities.
The latest issuance brings the total number of ETC securities in the series to 111,885,330, up from 111,832,330 previously. The securities are scheduled to mature on April 23, 2080.
Each ETC security provides investors with exposure to physical gold without requiring them to take physical delivery of the metal. The current metal entitlement per security stands at 0.0153883302 fine troy ounces of gold, with an issue price of $53.109 per security.
The gold-backed securities are listed on multiple exchanges including the Frankfurt Stock Exchange, Borsa Italiana, and the London Stock Exchange. They trade under the ISIN code DE000A2T0VU5.
The securities are subject to a base fee percentage of 0.11% per annum. JPMorgan Chase Bank, N.A. serves as the metal agent for the securities, while J.P. Morgan SE acts as the account bank.
The ETC securities are secured, limited recourse obligations of the issuer, with the underlying metal held in custody to back the securities. According to the company’s statement, the net proceeds from this tranche amount to approximately $2.81 million.
The securities are part of Xtrackers ETC’s Secured Precious Metal Linked Securities Programme, which allows investors to gain exposure to precious metals through exchange-traded products.
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